Algorithmiq said it ‘builds and industrializes the algorithmic layer’ in quantum technology.
European quantum software startup Algorithmiq has raised 18 million euros in a funding round led by United Ventures and Italian institutional investor Cassa Depositi e Prestiti and will move to a new global headquarters in Milan, Italy.
The funding, which also saw the continued participation of Inventure, represents the largest venture investment in Italy at a start-up in value, according to the company, and doubles the amount raised so far by Algorithmiq to €36m.
The company, which was previously based in Helsinki, Finland, said that Milan will serve as its base to “advance its commercial activities as a software partner to the world’s leading quantum hardware companies”, and will be able to tap into a deep base of European scientific talent to expand its rapidly growing team and increase the strategic focus of the region’s growth in quantum.
Algorithmiq said it “builds and industrializes the algorithmic layer” in quantum technology in line with the quantum hardware competition environment with the aim of “transforming[ing] quantum computers have become tools with real-world applications”.
“2026 is the year when the rational use of quantum will become a reality and we want to be at the center of that change,” said Dr. Sabrina Maniscalco, the company’s CEO and co-founder. “This strategic move and funding injection gives us the template to reach scale and continue to work and work with the world’s largest quantum players.
“As quantum computing develops, the question shifts from who can build the biggest machine to make machines matter.”
The company says “reasonable, energy-efficient quantum computation” can combine with quantum computing hardware from partners such as Google, IBM, Microsoft, AWS, Rigetti, Cleveland Clinic and CERN to achieve breakthroughs in chemistry, materials science and life sciences.
It also has operations in London and Dublin, and its presence in Finland will remain after the move to Milan, which it describes as “an attractive strategic base to expand European and global markets”, thanks in part to the Italian government’s policies regarding quantum infrastructure.
“We are building a continental tech titan, and with European talent looking to return home, Italy now has a place where they can do their best work,” said Jacopo Drudi, partner at United Ventures.
Algorithmiq was founded by Maniscalco, CSO Guillermo García-Pérez, CTO Matteo Rossi and lead researcher Boris Sokolov. It was previously involved in the Trinity Quantum Alliance at Trinity College Dublin, along with others such as Horizon Quantum Computing.
Europe’s growing quantum industry has had a busy 2026 so far. Last week, the Kenbara fund helped back UK-based Quantum Motion to a $160m valuation, while German startup Elektron raised €57m.
The Bull of Paris and Equal 1 of Dublin agreed in April. French quantum computing company Pasqal raised 340 million euros in March, and in February, Finland’s IQM became the first European company to go public through a SPAC.
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